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You don't even have to write software to do this. You can do all of it with
Excel or most any other spreadsheet app without writing a single line of
code. And you can do a lot of things with spreadsheets that you can't do
with some trading software.
Kent Rollins
----- Original Message -----
From: "Frank Fleisher" <r6_5fpen8@xxxxxxxxxxxxx>
To: "Adrian Pitt" <apitt@xxxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Sunday, April 13, 2003 6:10 PM
Subject: Re[2]: portfolio results in TS?
Hello Adrian,
Let's call it "Chronic Purchased Software Dependency Syndrome"
(CPSDS). Because people won't spend the time to think, they buy other
people's thoughts instead, without being sure whether their thoughts are any
good. As for MCS, I bet lots of people who own the program don't even
know what Monte Carlo is, or if it's applied correctly. This reliance
on the unknown for profit-dependency is dangerous. Writing code
forces you to think.
This is not about neglecting your spouse and spending gobs of time
replicating charting software
or complete programs. It's about writing some code that eliminates your
dependency on these programs. More often than not, the programs are
either flawed, incomplete, or inflexible. Trading is a practice,
after all, and in time you get smarter. If you learn to code, you
can fill some of the gaps these programs leave.
Better yet, if you're going to spend the extra time shaping your trading
ideas to a program's limitation, why not spend the time shaping a program to
your
trading ideas?
As for the 99% assumption, I'm sure there are a lot of traders who
write their own code, or hire others to do it for them.
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